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[2009-08-08] Binh Duong starts $196m expressway
Binh Duong starts $196m expressway
(Listed Aug 8, 2009)
Constructions of the My Phuoc – Tan Van expressway, a key transport project in the southern province of Binh Duong, started yesterday. The expressway is being built by Becamex IDC Corporation at a cost of VND3.5 trillion (US$196.6 million). The province contributed VND1.7 trillion ($95.5 million) to clear land for the project. The province’s People’s Committee chairman, Nguyen Hoang Son, said construction wou... |
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[2009-08-08] HCM City to speed up work on metro
HCM City to speed up work on metro
(Listed Aug 8, 2009)
District authorities have been asked to expedite site clearance work to ensure the Ben Thanh -Suoi Tien Metro Project is on schedule, Le Hoang Quan, chairman of the HCM City People's Committee said yesterday. Project construction is scheduled to be completed by 2013 and put into opera¬tion the next year. It is designed to have a capacity of 500,000 passengers per day. "This is a highly significant project that needs to... |
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[2009-08-08] Calls for regulatory body for real estate industry in India
Calls for regulatory body for real estate industry in India
(Listed Aug 8, 2009)
The real estate industry in India is calling for a national property regulatory body to make the profession more transparent and deal with the increasing number of complaints.It is felt that as the property markets show sign of recovery and economic forecasts for 2009 are better than expected, then sales are likely to increase and therefore the number of problems.'There is a need for an efficient... |
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[2009-08-08] Investment certificate of social-commercial housing project granted to Phu Thang Lo
Investment certificate of social-commercial housing project granted to Phu Thang Long
(Listed Aug 8, 2009)
Provincial People’s Committee yesterday granted an investment certificate of social and commercial housing project to Phu Thang Long Design and Construction Ltd which is invested by Smart Dragon Development Ltd (Samoa) and Tuster Development Ltd (Seychelles).As planned, Phu Thang Long Design and Construction Ltd will build around 90,000 apartments for medium and ... |
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[2009-08-07] Ministry calls for more private investment in housing
Ministry calls for more private investment in housing
(Listed Aug 7, 2009)
The Ministry of Construction said it would encourage more private investment in housing development to reach its target of raising the average dwelling area per capita to 14.3 sq.m by 2010 and 18 sq.m in 2020. Speaking at a seminar in Hanoi Wednesday, Nguyen Manh Ha, director of the ministry’s Housing and Real Estate Market Management Department, said the total housing area in the country was currently just over... |
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[2009-08-07] Expressway project to begin in October
Expressway project to begin in October
(Listed Aug 7, 2009)
Vietnam Expressway Corporation and China Bridge and Road Corporation signed an agreement Wednesday to begin building part of the North-South Expressway in October. The package includes the building of 3.5 kilometers of the expressway at a cost of more than VND1.3 trillion (US$75 million). The 51-kilometer North-South Expressway would begin in HCMC’s District 9 and end at the junction with National Highway 51 at the Dau Giay a... |
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[2009-08-07] Asian property investment market regains momentum in Q2
Asian property investment market regains momentum in Q2
(Listed Aug 7, 2009)
The property investment market in Asia enjoyed a stronger second quarter following a subdued start to the year, with direct real estate investment volume rising 41 percent from the first quarter. The improved investment turnover was due partly to debt-funded investors compromising at current price levels and liquidating assets to service near-term debt obligations, according to CB Richard Ellis' Asia Investm... |
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[2009-08-07] Can Tho furthers plans to build first railway to HCMC
Can Tho furthers plans to build first railway to HCMC
(Listed Aug 7, 2009)
Can Tho City administration met Wednesday with a consultant and design company regarding plans for an express railway project that will one day connect Ho Chi Minh City to Can Tho. The US$4 billion project, which is part of a government-approved national railway zoning plan until 2020, is currently in the design stage with a date for groundbreaking to be set later. The railway is being designed by a venture between Tr... |
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[2009-08-07] Hanoi allocates additional 1.2mil sq.m of land for golf course
Hanoi allocates additional 1.2mil sq.m of land for golf course
Listed Aug 7, 2009)
More than 1.25 sq.m of housing, agricultural, specialised and cemetery land in Soc Son district will be reclaimed for building a golf course under a decision of the Hanoi administration. ccording to newly-updated data, Soc Son international golf course will have the total area of 187.7 hectares, including 86 ha of agricultural land and 45 ha of hills. Of the 86 ha of agricultural land, there are 30 ha o... |
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[2009-08-07] Banks keep raising deposit interest rates despite unchanged ceiling rate
Banks keep raising deposit interest rates despite unchanged ceiling rate
Listed Aug 7, 2009)
The decision by the State Bank of Vietnam to keep the basic interest rate at 7 percent for August has not stopped the race by commercial banks to raise deposit interest rates. The 10 percent deposit interest rate has become more popular as it is being applied by many commercial banks, though the basic interest rate is kept unchanged at 7 percent per annum for August, which means that the ceil... |
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[2009-08-06] South central Vietnam starts 10 mln USD beach resort
South central Vietnam starts 10 mln USD beach resort
(Listed Aug 6, 2009)
Swedish company ScandiaVilla & Resort on August 4 broke ground on an international tourist village in the southern central coastal city of Tuy Hoa. Upon completion five years later at an estimated cost of 10 million USD , the beach resort will be able to host 1,000 tourists a day, said Helena Van, the company’s Chief Executive Officer. Covering an area of over 38 hectares, the village includes 200 vil... |
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[2009-08-06] UK house prices jump in July, outlook improves
UK house prices jump in July, outlook improves
(Listed Aug 6, 2009)
House prices in Britain jumped 1.1 percent in July and fell at their slowest annual rate in more than a year, mortgage lender Halifax said on Wednesday, as it halved its forecast for house price falls this year. The lender said house prices in July were 9.9 percent down from a year ago, the smallest annual fall since June 2008 and a marked improvement from the 18.9 percent annual drop recorded in December. Hali... |
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[2009-08-06] Real estate in India to benefit from tax breaks as outlook for economy brightens
Real estate in India to benefit from tax breaks as outlook for economy brightens
(Listed Aug 6, 2009)
Real estate developers in India are to get tax breaks if they complete projects by March 2010 as part of a major stimulus drive by the government to boost the country's recovering economy. The government will also extend tax breaks for industrial park schemes and road projects to stimulate the economy and lift growth to 8 to 9% by the end of 2010, the finance department confirm... |
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[2009-08-06] Housing tax law will not affect real estate prices
Housing tax law will not affect real estate prices
(Listed Aug 6, 2009)
Member of the National Assembly’s Economics Committee Nguyen Duc Kien believes that the housing tax law will not lead to price increases in the real estate market, while it will help the state better control the market. According to the Ministry of Finance’s latest draft, only the houses worth more than 600 million dong will be taxed, while the taxable value per square metre will be calculated as 50 p... |
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[2009-08-06] Ha Noi gets aggressive on slow-moving projects
Ha Noi gets aggressive on slow-moving projects
(Listed Aug 6, 2009)
The capital authority will establish independent teams to evaluate all slow-moving projects in the city, according to vice chairman of the Ha Noi People’s Committee Vu Hong Khanh. "We will take aggressive action to tighten land management and improve the city’s investment environment," Khanh said at a meeting last week. As of the end of last year, 381 projects covering a total area of 4,055ha, or 12.5 per... |
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